ThyssenKrupp Industries THE Zimbabwe Power Company (ZPC) and the State Procurement Board (SPB) last week rejected a tender bid by an Indian consortium, ThyssenKrupp Industries in partnership with Technofab Engineering (Private) Limited, which  is vying to refurbish the 70 year old Bulawayo Power Station. Last month, the consortium emerged as the sole bidder for the project following pre-qualification bidding process by the project financiers, the Export Import Bank of India (Exim Bank of India), which extended a US$87 million line of credit to Zimbabwe for the project two years ago. The loan has a 13-year tenure, a grace period of three years and a repayment period of 10 years at two percent interest rate per annum.…